China Petrochemical Development (TPE:1314) Inventory Turnover : 0.16 (As of Mar. 2024)

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What is China Petrochemical Development Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. China Petrochemical Development's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$7,956 Mil. China Petrochemical Development's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$48,548 Mil. China Petrochemical Development's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Petrochemical Development's Days Inventory for the three months ended in Mar. 2024 was 556.82.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. China Petrochemical Development's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.93.

China Petrochemical Development Inventory Turnover Historical Data

The historical data trend for China Petrochemical Development's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Petrochemical Development Inventory Turnover Chart

China Petrochemical Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.69

1.57

1.10

0.58

0.57

China Petrochemical Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.12	0.15	0.15	0.16	0.16

China Petrochemical Development Inventory Turnover Calculation

China Petrochemical Development's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	27502.519	/ (	(47941.867	+	48132.16)	/	2 )
=	27502.519	/	48037.0135
=	0.57

China Petrochemical Development's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	7955.915	/ (	(48132.16	+	48964.241)	/	2 )
=	7955.915	/	48548.2005
=	0.16

China Petrochemical Development (TPE:1314) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Petrochemical Development's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	48548.2005	/	7955.915	*	365 / 4
	=	556.82

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

China Petrochemical Development's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	48548.2005	/	8191.861
	=	5.93

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

China Petrochemical Development Inventory Turnover Related Terms

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China Petrochemical Development (TPE:1314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Petrochemical Development Corp (TPE:1314) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jingjian Road, Dashe District, Kaohsiung, TWN, 815

Website

https://www.cpdc.com.tw

China Petrochemical Development Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into two reportable segments based on product type: the caprolactam and acrylonitrile and nylon segments. The caprolactam segment, which generates the most revenue of the two segments, involves the sales of textiles, plastic automotive parts, packaging films, conveyor belts, ropes, and fishing lines. The acrylonitrile sell acrylic fibers, a plastic used for home appliance casings and tools, and water treatment products. The products of nylon pellets include fiber nylon pellets and engineering plastic nylon pellets.

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